Offshore Activity

SUBSEA 7 BECOMES AIRBORNE OIL & GAS SHAREHOLDER

 

Subsea 7 became a shareholder in Airborne Oil & Gas (AOG), which manufactures Thermoplastic Composite Tube (TCP) for oil and gas applications. And Brazil was a key player in completing the deal, according to Airborne CEO Marnix Boorsma. “The significant presence of Subsea 7 in Brazil, a key region for AOG’s activities, supports our business – especially with regard to opportunities in deep waters,” he explained.

According to the manufacturer, the tube “pushes the boundaries of deepwater development and enables significant savings through its lasting influence on underwater architecture and floating production facilities.” The product is produced from a composite of fibers and polymers. TCP can support 1050 bar design pressure and temperatures up to 121˚C.

“We are proud of our shareholder base, which already includes Shell, Chevron, Saudi Aramco and Evonik. We are delighted to be able to work with Subsea 7. They will contribute significantly to our overall value proposition, especially due to the role that facility contractors are currently increasingly taking in the industry, “added Boorsma.

Categories: Offshore Activity

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